Hyväksymispäivämäärä

Tiivistelmä

In 2010, sever droughts and fires destroyed 20 percent of Russia’s wheat crop. This incident increased dramatically the prices of wheat worldwide. This paper studies the financial consequences that these higher wheat prices brought to companies that use wheat to manufacture ready-to-eat cereal and wheat-related products. The international cereal companies selected for this study were Kellogg Company, Nestlé Group and Ralcorp Holdings, Inc., owner of Post Foods Company.